Greenlight Capital 的 David Einhorn 声称，由于被动投资和算法交易，市场“从根本上崩溃”，导致价格高估，给价值投资带来挑战。 David Einhorn of Greenlight Capital claims the market is "fundamentally broken" due to passive investing and algorithmic trading, causing price overvalue and challenging value investing.
对冲基金巨头大卫·艾因霍恩表示，由于被动投资的兴起，市场已“从根本上崩溃”。 Hedge fund titan David Einhorn has stated that markets are "fundamentally broken" due to the rise of passive investing. 艾因霍恩在他的“商业大师”播客中接受巴里·里索尔茨采访时认为，从主动管理的转变使价值投资变得更加困难，而估值过高的股票现在更有可能取得成功。 In an interview with Barry Ritholtz on his "Masters in Business" podcast, Einhorn argued that the shift away from active management has made value investing significantly more difficult, with overvalued stocks now more likely to succeed. 他指出，价值行业已经被“消灭”，价值不再是大多数投资资金的考虑因素，因为算法交易和被动投资将价格置于基本面之上。 He noted that the value industry has been "annihilated" and that value is no longer a consideration for most investment money, as algorithmic trading and passive investments prioritize price over fundamental merits.